: Maintains "Buy" rating on Alibaba-W (09988.HK) with a target price of HK$173.86.

According to the financial news app, Wise Taichung Securities has released a research report stating that it maintains a "recommend" rating for Alibaba-W (09988.HK) with a target price of 173.86 Hong Kong dollars (exchange rate of 1HKD=0.91CNY). Taking into account the rapid growth of instant retail income and synergistic effects, the company has adjusted its revenue forecast for FY26-28 to 1.1078 trillion/1.2499 trillion/1.3699 trillion yuan, year-on-year growth of 11%/13%/10%. At the same time, considering the high intensity of short-term instant retail competition and the potential impact of continued subsidies for e-commerce and takeout on profits, the company has adjusted its adjusted net profit forecast for FY26-28 to 131.5 billion/149.1 billion/194 billion yuan, year-on-year growth of -17%/13%/30%.